5 Best Ecommerce Platforms In 2020-21 To Benefit From The Accelerated Shift To Online Retail
Introduction Amid the COVID19 crisis reshaping our retail world, consumers' habit around shopping has altered to a great extent. The frequency of users flocking to an online store for all essential and non-essential items has increased drastically. Amazon, for instance, the leading retail giant recorded a revenue of $75.5 billion in Q1 followed by nearly $89 billion in Q2 2020. These numbers not only convey the reach of Amazon but also how the pandemic has fast-tracked digital transformation. Retail eCommerce websites worldwide registered 22 billion visits in June, up from 16 billion visits in January 2020. Albeit a by-product of the coronavirus pandemic, this trend is likely to remain even after the pandemic. According to Statista, the global retail eCommerce sales amounting to $3.53 trillion in 2019 will almost double by 2022. The growth in numbers and the sheer volume of retail sales highlight why online retail is the go-tobusiness idea for SMBs or enterprises and a need of the hour for existing retailers. Starting An Ecommerce Business